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adell [148]
3 years ago
7

Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2018. The note was accepted as payment of a

delinquent receivable of $2,500.The cash collection on July 1, 2018, would be recorded as:_______.Discount on note receivable 300 Interest revenue 300Cash 2,800 Note receivable 2,800Cash 2,500 Note receivable 2,500Cash 2,800 Accounts receivable 2,500Interest revenue 300Cash 2,500 Discount on note receivable 300 Note receivable 2,800
Business
1 answer:
madreJ [45]3 years ago
3 0

Answer:

Cash 2,800 Accounts receivable 2,500 Interest revenue 300

Explanation:

If Plunder Inc. accepted a six-month non interest-bearing note for $2,800 on January 1, 2018, and the note was accepted as payment of a delinquent receivable of $2,500.

The cash collection on July 1, 2018, would be recorded as:

JOURNAL ENTRIES

Dr. Cash .............................2,800

Cr Accounts receivable............. 2,500

Cr. Interest revenue .......................300.

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Predetermined overhead rate will then be:

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3 years ago
With the complexity of economic activity the ____________ of money is not directly controlled by the fed.
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4 years ago
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6 0
3 years ago
Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital equipment product, Flex
Pachacha [2.7K]

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6 0
3 years ago
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mixas84 [53]

Answer:

I believe this is the correct answer. However, you should keep in mind that there is no "universal" answer for this too.

4. Like it: you have to like it first!

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1. Go the extra mile

Explanation:

3 0
3 years ago
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